41 Molonglo Street, Queanbeyan East, NSW 2620

41 Molonglo Street, Queanbeyan East, NSW 2620 LOOKING FOR OPTIONS? TWO PROPERTIES in the sale, on one title with no body corporate fees

Welcome to 1 & 2 of 41 Molonglo Street, Queanbeyan East NSW 2620

INSPECTION BY APPOINTMENT ONLY - Contact Agent

Unit 1: Offering 2 bedrooms 1 Bathroom 1 Garage

Unit 2: Offering 2 bedrooms 1 Bathroom 1 Garage

Wow! Numerous opportunities for property investors, SMSF, and owner-occupiers - no strata fees - low maintenance complex of only two townhouses.

Options include renting both properties out as an investment or being an owner-occupier living in one of the properties and renting out the other.

These single-level, two-bedroom townhouses are two properties on one title in a small complex of only two townhouses with no Body Corporate fees situated in a fantastic location close to the Queanbeyan CBD.

Each floorplan incorporates a large open-plan lounge and dining room with direct access to the kitchen, which boasts ample cupboard and bench space. Both bedrooms in each unit are spacious, with built-in robes and served by a bathroom that comprises a separate bath, shower recess, vanity, plus the added convenience of a separate toilet.

Both spacious townhouses have large wrap-around private generous courtyards.

Car accommodation is offered via a long tandem garage that opens into the rear courtyard and separates both townhouses.

The city centre is just a 10-minute walk or 1.7 km, and a game of golf is only 5 minutes away or 550 metres.

Unit 1: Comprises, entry, open plan kitchen meals and family room, 2 bedrooms, 1 bathroom with shower and separate bathtub, laundry and a single lockup garage with roller door to the rear for access to the yard. Offering electric cooking and hot water with a lovely parcel of land around the townhouse.

Unit 2: Comprises, entry, open plan kitchen meals and family room, 2 bedrooms, 1 bathroom with shower and separate bathtub, laundry and a single lockup garage with roller door to the rear for access to the yard. Offering electric cooking and hot water with a lovely parcel of land around the townhouse.

Investment Potential:

- Offering single-level design and convenient location.

- Current rental return, Unit 1: $450 pw on a periodic lease (i.e. month-to-month)

- Current rental return, Unit 2: $380 pw on a periodic lease (i.e. month-to-month)

- No strata fees, thereby reducing ongoing costs

- Low maintenance: both properties require minimal upkeep

- Flexible use: ideal for investors looking to rent both properties, SMSF to increase your property portfolio or for owner-occupiers who wish to live in one unit and rent out the other

- Rates: $3,800 p.a

- Block size: 673.2m2

- Landlords & Building insurances: please make your own enquires with regards to these costs, as they can vary depending on an individual/s circumstances.

Surrounding amenities:

Units 1 and 2 at 41 Molonglo Street, Queanbeyan East are conveniently located close to essential amenities and services. They offer easy access to local schools, shopping centres, and recreational areas within Queanbeyan, while also being a short drive from Canberra CBD.

Parks and recreation:

The suburb is near several parks and recreational areas, such as Queanbeyan Park and the Queanbeyan River, which offer walking trails, picnic spots, and other outdoor activities.

Schools:

The area is served by several schools, making it a convenient location for families with children.

Shopping:

There are local shops, supermarkets, and larger shopping centres nearby.

Transport:

Good access to public transportation, with bus services connecting Queanbeyan East to the rest of Queanbeyan and Canberra. Major roads and highways are easily accessible, facilitating travel by car.

Here's a detailed breakdown of the distances from Units 1 and 2 at 39

Molonglo Street, Queanbeyan East to key locations:

- Shopping centres: Riverside Plaza (Queanbeyan) approximately 1.7 km; Karabar Shopping Mall approximately 2.6 km; Canberra CBD approximately 15 km.

- Local schools: Queanbeyan East Public School approximately 0.5 km; Queanbeyan High School approximately 2 km.

- Public transport: buses connect to various parts of Queanbeyan and Canberra. The Queanbeyan Train Station is approximately 1.5 km away.

- Major roads: Molonglo Street connects to Kings Highway, which leads directly to Canberra and other significant locations in the region.

The spacious interiors, low-maintenance exteriors, and flexible usage options make it an attractive choice for both investors and owner-occupiers. The existing long-term tenants in one unit add to the appeal for those looking for immediate rental income.

Your inspection is a must. Call Lou Baldan on 0403 604 888 to book an appointment to view these great properties!